Pre-arrest bail denied to petitioners-directors as Co. was involved in cheating depositor through Ponzi schemes

FEMA, BANKING amp; INSURANCE : Where Saradha Group of Industries was involved in cheating large number of gullible depositors though different ponzi schemes and money trail of said ponzi company was found with petitioner's and custodial interrogation of petitioner would throw more light regarding involvement of many influential people in commission of such economic offence, application by petitioner for grant of pre-arrest bail was to be dismissed

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